Telegram will release its own currency on the TON platform

Telegram will release its own currency on the TON platform

user avatar

by Eve Adams

2 years ago


Starting June 12, the Telegram messenger will introduce an internal currency, Telegram Stars, for purchasing digital goods and services in bots and mini-apps. The company has notified developers about this innovation.

This initiative follows a warning from Apple regarding a violation of App Store policies, which prohibit accepting internal payments, including cryptocurrencies. Otherwise, bots and mini-apps could be removed.

Users will be able to purchase the new currency on the App Store or Google Play and use it for digital purchases. Payments for physical goods and services will remain unchanged. Developers will be able to withdraw Telegram Stars through the TON blockchain at any time.

Bot owners reacted negatively to the news, pointing out the 30% commission Apple takes from each payment.

It turns out that Telegram earns dollars from users who buy Telegram Stars, and then gives developers and bot owners tokens in the form of the unstable TON currency,wrote the author of the channel "Marzaganov Broadcasting."

"Kod Durova" suggested that the old scheme for purchasing digital goods and services would remain available in app versions downloaded outside the App Store and Google Play.

Previously, Telegram founder Pavel Durov reported that Apple had demanded to restrict access to content for Ukrainian users on iOS.

In April, at the Token2049 conference, Durov announced the possibility of purchasing digital goods with cryptocurrency in Telegram, promising sellers 70% of the revenue. The messenger also introduced a feature to send tips to content creators in digital assets.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Payward Joins Project Glasswing to Boost Cybersecurity Efforts

chest

Payward, the parent company of Kraken, has joined Anthropics Project Glasswing to enhance cybersecurity by utilizing Claude Mythos 5 for identifying security vulnerabilities.

user avatarRajesh Kumar

Nvidia's Stock Shows Resilience Amid Analyst Optimism

chest

Nvidia's stock shows resilience with optimistic analyst ratings despite a minor decline.

user avatarFilippo Romano

Nvidia Announces Major Investment in OpenAI's AI Data Centers

chest

Nvidia plans to invest up to $105 billion to assist OpenAI in developing new AI data centers, securing significant computing capacity.

user avatarLucas Weissmann

Ethereum Developers Propose Changes for Privacy Pools

chest

Ethereum developers are considering proposals for privacy pools to pay their own transaction fees, focusing on Frame Transactions and ForkChoice Enforced Inclusion Lists for the 2027 Hegot upgrade.

user avatarEmily Carter

SpaceX's Historic IPO and Billionaire Backing

chest

SpaceX's IPO in June saw its stock price initially soar but has since faced volatility, with significant investments from billionaires.

user avatarTomas Novak

Strategy Halts Bitcoin Transactions for the Week

chest

Strategy did not engage in any Bitcoin purchases or sales last week, maintaining its holdings at 840,447 BTC.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.